The Give to Enable Support Act establishes a new program designed to provide financial assistance to individuals with disabilities through the creation of the Give to Enable Support Cash Fund. This fund, administered by the State Treasurer, will accept contributions from private individuals and entities, with the program set to commence on January 1, 2026. Qualified individuals with disabilities will be able to apply for accounts to cover their qualified disability expenses, with the State Treasurer overseeing the application process and account establishment.

Additionally, the bill amends section 77-2716 of the Revised Statutes Cumulative Supplement, 2024, to introduce new provisions for income tax adjustments, allowing deductions for contributions made to the Give to Enable Support Cash Fund. These deductions will be capped at $5,000 for married individuals filing separately and $10,000 for other returns, thereby incentivizing contributions to support individuals with disabilities. The bill also includes various amendments to the tax code, such as exclusions for social security benefits, military retirement benefits, and other specific income categories, while repealing the original section 77-2716 as part of the legislative update.

Statutes affected:
Introduced: 77-2716
Final Reading: 77-2716
Slip Law: 77-2716